IDFC First Bank Select Vs Wealth Vs Private Requirements - Disucssion

[HumorSimpson]

I can maintain the NRV, but unable to find any useful perk over and above IDFC Wealth program and DC to take the plunge.

Even one proper and tangible differentiated benefit can make people go for it. Right now there is none!

Correct !!! The DCs have reward rate difference for the first 50K only, over and above its the same 2.5%.
vis-a-vis of DC reward rate for online (excellent for cc bills and tax payments) on the 50K monthly spend.


IDFC Select - 3X = 0.5% = 250 INR
IDFC Wealth - 4X = 0.67% = 330 INR
IDFC Private - 6X = 1.0% = 500 INR

So we are good with even select as the absolute diff in private reward is 250, and its just 80rs when compared to wealth.

Monthly caps on reward points are
30K, 50K, 5L for Select , Wealth and Private respectively.

Considering those into account
Select gives rewards till 3.40 Lakh
Wealth gives rewards till 5.36 Lakh
Private gives rewards till 49.80 Lakh


Still for most , we can settle with Select.